§ 18-17. Solid waste collection fund—Procedure.  


Latest version.
  • Commencing on the effective date of this section, all revenues derived from solid waste services shall be deposited within the solid waste collection fund. All revenues in excess of the projected annual expenditures, for administrative, operational and maintenance expenses, direct or indirect, for the solid waste services, shall be placed in an operational fund reserve within the solid waste collection fund. The funds placed in the operational fund reserve shall be maintained in one or more interest bearing accounts pursuant to the city's investment policy. All interest earned thereon shall be accumulated with the principal sum. The operational fund reserve shall only be used for those purposes set forth in section 18-16.

(Ord. No. 2994, § 1(Exh. A), 6-28-16; Ord. No. O18-76, § 1(Exh. A), 10-23-18)